Paxos Issues Statement
Paxos, the leading regulated blockchain and tokenization infrastructure platform, today issued the following statement:
Paxos Will Halt Minting New BUSD Tokens
Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD.
Paxos Launches Engineering Research & Development Center of Excellence in Israel
Paxos, the most comprehensively regulated blockchain and tokenization infrastructure platform, announced it is launching an engineering research & development center of security and cryptography excellence in Israel.
Paxos Responds to Financial Stability Board’s Recommendations of the Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements
On December 15, 2022, Paxos, the leading regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best to safely oversee a global, fiat-backed stablecoin and its issuer.
Paxos Risk & Liquidity Management Programs Protect Customers During Market Volatility
On December 13, 2022, Paxos, the leading regulated blockchain and tokenization infrastructure platform, demonstrated how our prudentially regulated operational and liquidity risk management programs respond to heightened market activity and seamlessly delivered requested customer funds.
Paxos Secures Major Payments Institution License from Monetary Authority of Singapore
Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act 2019. Paxos is the first US-based blockchain infrastructure platform to secure the license as a Major Payments Institution.
Mastercard to bring crypto trading capabilities to banks
In partnership with Paxos, Mastercard's financial institution partners will gain access to a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with proven identity, cyber, security and advisory services. This Crypto Source offering is complemented by Mastercard Crypto SecureTM to bring additional security to the crypto ecosystem and support card issuers in their compliance with complex regulations.
Paxos Settlement Service Nears $50 Billion in Settlement Volume Since Launch of Commodities Hub
Paxos, the leading regulated blockchain infrastructure platform, confirms the Paxos Settlement Service has settled nearly $50 billion in total commodities. The Paxos Settlement Service for Commodities streamlines the settlement process to handle all complexity for market participants across gold, silver, platinum and palladium.
Paxos Announced as Founding Partner in Launch of Tokenized Commodities Council
As Paxos continues to build the financial infrastructure for a more secure and open economy, we also continue to forge relationships across the crypto landscape to bring awareness and value to that vision.